Freehold investment - over 7% return


79 Main Road, Governors Bay

By Negotiation

Download Email
Freehold investment - over 7% return | 79 Main Road, Governors Bay | 5511354 |      X Close
Image
Description

Freehold investment - over 7% return


For Sale - Price by Negotiation

A charming and character-filled cafe and restaurant building now for sale with a lease in place to 2036. Enjoying commanding views over the harbour to Lyttelton the three storey building sits on an 809sqm high profile corner site in Governors Bay and is home to She Cafe and Chocolaterie. Over the past 13 years the building has been converted to the cafe and restaurant premises with chocolate making areas plus large decking providing uninterrupted views over the harbour. Within the building which is air-cooled for premium chocolate conditions there are two dining rooms, the servery and main counter, a commercial kitchen, office, guest amenities, various packing and storage rooms downstairs.

- Tenure, freehold title

- Floor area 438sqm approx.

- Land area 809sqm more or less

- Building NBS 69% (engineers report available)

- Rental income per annum $72,250 + gst

- Next rent review 01 December 2020

- Lease in place to 2036 (if rights of renewal taken up)

79 Main Road, Governors Bay

Open in map